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Cryptocurrency News Articles
Bitcoin (BTC) Cryptocurrency Can Be Expected to Rise Further to the Next Resistance Level 105000
Dec 25, 2024 at 02:38 am
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
Bitcoin cryptocurrency is rising up from the key support level 92820,00 (former resistance from the start of November which has been reversing the price from the end of November, as can be seen from the daily Bitcoin below). The support level 92820,00 is strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the sharp upward impulse from the start of November. The upward reversal from this support zone starts the active short-term impulse wave b – which belongs to the ABC correction 4 from the middle of December.
Given the clear daily uptrend, still oversold daily Stochastic and the bullish sentiment that can be seen across the cryptocurrency markets today, Bitcoin cryptocurrency can be expected to rise further to the next resistance level 105,000.00 (target for the completion of the active wave b).
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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